A Recent Study of Business Executives Reported That __________ Had

question 40

Multiple Choice

A recent study of business executives reported that __________ had witnessed ethically troubling behavior.

• A)7%
• B)18%
• C)25%
• D)45%
• E)62%

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Definitions:

12b-1 Fee

A fee that mutual funds may charge for marketing, distribution, and service expenses, expressed as a percentage of assets under management.

Net Asset Value

The value per share of a fund, calculated by dividing the total value of the fund's assets minus its liabilities by the number of shares outstanding.

Year-End Assets

These are the total value of all assets that a company or individual owns at the end of the fiscal year.

Liabilities

Financial obligations or debts owed by a business to creditors, which must be paid back at some point in the future.